UltraTech Cement Limited (ULTRACEMCO) AI Stock Analysis

• Market Cap: ₹3.46T
• Dividend Yield: 0.66%
• Average Volume (3M): 5.04K
• Price to Earnings (P/E): 46.5
• Beta (1Y): 1.22
• Revenue Growth: 14.50%
• EPS Growth: 11.26%
• Country: IN
• Employees: 23,670
• Sector: Basic Materials
• Sector Strength: 58
• Industry: Construction Materials
• EPS (TTM): 41.84
• Shares Outstanding: 294,679,170
• 10 Day Avg. Volume: 2,991
• 30 Day Avg. Volume: 5,042
• PEG Ratio: -3.53
• Price to Book (P/B): 4.69
• Price to Sales (P/S): 4.36
• P/FCF Ratio: 214.57
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: ₹14,550.00
• Price Target Upside: 23.36% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 68 Neutral
• Price Target: ₹13,415.00 ▲(13.74% Upside)

UltraTech Cement Limited's strong financial performance is the primary driver of its stock score, supported by consistent revenue growth and solid profitability. However, technical indicators suggest potential short-term weakness, and the high P/E ratio indicates possible overvaluation. The low dividend yield provides limited income potential, which impacts the overall attractiveness of the stock.

Positive Factors

Revenue Growth

Consistent revenue growth indicates a strong market position and effective business strategies, ensuring long-term sustainability and expansion potential.

Cash Generation Ability

Strong operating cash flow demonstrates the company's ability to generate cash from its core operations, supporting future investments and financial stability.

Operational Efficiency

Strong gross profit margins highlight effective cost management, contributing to operational efficiency and competitiveness in the market.

Negative Factors

Rising Debt Levels

Increasing debt levels may strain financial flexibility and increase risk, potentially impacting long-term financial health if not managed effectively.

Decline in Free Cash Flow

A decline in free cash flow can limit the company's ability to fund new projects and pay down debt, affecting future growth and financial stability.

Net Profit Margin Decline

A decline in net profit margin indicates rising costs, which could pressure profitability and require strategic adjustments to maintain margins.

UltraTech Cement Limited Business Overview & Revenue Model

Company Description

UltraTech Cement Limited, together with its subsidiaries, manufactures and sells cement and cement related products in India. It offers ordinary Portland cement, Portland blast furnace slag cement, Portland Pozzolana cement, white cement, and white cement-based products; and ready-mix concrete. The company also provides Tile Adhesive polymer under TILEFIXO, FLEX, HIFLEX,MYKROFILL, Seal & Dry water proofing products for kitchen balconies, chajjas, slope roofs, bathrooms, canal linings, swimming pools, and water tanks; Power Grout, an industrial grout for machine foundation, precast elements, and safety vaults; Readi Plast and Super Stucco, a plastering agent for internal and external walls; as well as liquid system for mortar and concrete modifier, repair mortars and concrete under the name of Basekrete and Microkrete. In addition, the company offers bed jointing material for AAC block, Fly Ash Bricks, and concrete blocks, and light weight block for masonry construction, and flooring screeds. Further, the company offers construction products for home builders; and value-added services that include technical advice during concreting, vaastu consultancy, various training programs, and other related services. UltraTech Cement Limited exports its products to the United Arab Emirates, Bahrain, and Sri Lanka. The company was incorporated in 2000 and is based in Mumbai, India. UltraTech Cement Limited operates as a subsidiary of Grasim Industries Limited.

How the Company Makes Money

UltraTech Cement generates revenue primarily through the sale of cement and related products. The company operates numerous manufacturing plants across India and has a significant presence in the ready mix concrete segment, which further diversifies its offerings. Key revenue streams include direct sales to construction companies, retail sales through distributors, and exports to international markets. The company benefits from strategic partnerships with construction firms and government projects that ensure a steady demand for its products. Additionally, UltraTech Cement leverages its strong brand reputation and extensive distribution network to maintain competitive pricing, which contributes to its overall earnings.

UltraTech Cement Limited Financial Statement Overview

Summary

UltraTech Cement Limited shows strong financial performance with consistent revenue growth and solid profitability margins. The balance sheet is stable, though increasing debt levels require monitoring. Cash flows are healthy, supporting operational and strategic investments.

Income Statement

UltraTech Cement Limited has demonstrated robust growth in its income statement with steady increases in total revenue over the past several years, culminating in a 7.12% growth from 2024 to 2025. The gross profit margin is strong, reflecting efficient cost management, although the net profit margin has declined slightly due to increased expenses. The EBIT and EBITDA margins remain healthy, supporting the company's operational efficiency.

Balance Sheet

The balance sheet of UltraTech Cement shows a solid equity base, with an improving equity ratio indicating financial stability. However, the debt-to-equity ratio has increased due to rising debt levels, which could pose a risk if not managed properly. The return on equity is satisfactory, showcasing effective use of shareholder funds to generate profits.

Cash Flow

The cash flow statement reflects a strong operating cash flow, indicating effective cash generation from core operations. There has been a decline in free cash flow, primarily due to increased capital expenditures. Nonetheless, the company maintains a positive free cash flow to net income ratio, ensuring liquidity. The operating cash flow to net income ratio is robust, highlighting the company's ability to convert profits into cash.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	791.61B	759.55B	709.08B	632.40B	525.99B	447.26B
Gross Profit	460.75B	438.32B	407.22B	350.34B	324.97B	293.09B
EBITDA	132.05B	123.86B	127.77B	104.45B	114.28B	114.26B
Net Income	65.68B	60.39B	70.05B	50.64B	73.44B	54.63B
Balance Sheet
Total Assets	0.00	1.34T	1.01T	913.87B	838.28B	861.84B
Cash, Cash Equivalents and Short-Term Investments	43.13B	58.31B	64.03B	84.20B	56.21B	131.75B
Total Debt	0.00	241.02B	114.03B	110.58B	112.99B	217.19B
Total Liabilities	-738.93B	598.04B	405.19B	371.18B	333.96B	420.03B
Stockholders Equity	738.93B	707.07B	602.27B	543.25B	504.35B	441.75B
Cash Flow
Free Cash Flow	0.00	15.44B	18.92B	28.68B	36.70B	105.78B
Operating Cash Flow	0.00	106.73B	108.98B	90.69B	92.83B	125.03B
Investing Cash Flow	0.00	-165.04B	-87.88B	-71.87B	22.57B	-88.59B
Financing Cash Flow	0.00	50.76B	-19.26B	-16.31B	-124.98B	-43.56B

UltraTech Cement Limited Technical Analysis

• Technical Analysis Sentiment: Neutral
• Last Price: 11794.90
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:ULTRACEMCO, the sentiment is Neutral. The current price of 11794.9 is above the 20-day moving average (MA) of 11576.99, above the 50-day MA of 11793.70, and below the 200-day MA of 11840.27, indicating a neutral trend. The MACD of -44.14 indicates Negative momentum. The RSI at 55.17 is Neutral, neither overbought nor oversold. The STOCH value of 71.89 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:ULTRACEMCO.

UltraTech Cement Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ACC	71 Outperform	₹326.52B	9.78	―	0.43%	15.13%	63.32%
ULTRACEMCO	68 Neutral	₹3.46T	46.50	―	0.66%	14.50%	11.26%
AMBUJACEM	64 Neutral	₹1.36T	24.04	―	0.37%	14.92%	63.27%
RAMCOCEM	62 Neutral	₹250.56B	67.33	―	0.19%	-2.61%	34.66%
Sector *	61 Neutral	$10.43B	7.12	-0.05%	2.87%	2.86%	-36.73%
SHREECEM	57 Neutral	₹943.91B	54.91	―	0.73%	1.58%	-0.75%
NUVOCO	55 Neutral	₹130.83B	48.18	―	―	5.09%	458.10%

UltraTech Cement Limited Corporate Events

UltraTech Cement Appoints New Compliance Officer to Enhance Regulatory Transparency

UltraTech Cement Limited has announced the appointment of Mr. Dhiraj Kapoor as the Company Secretary and Compliance Officer, effective December 1, 2025. Alongside Mr. K. C. Jhanwar, Managing Director, and Mr. Atul Daga, Chief Financial Officer, Mr. Kapoor is authorized to determine the materiality of events or information and disclose them to stock exchanges, in compliance with SEBI regulations. This move is significant for ensuring transparency and compliance in the company’s operations.

UltraTech Cement Updates Investor Presentation for Q2 FY26

UltraTech Cement Limited has updated its investor presentation for the quarter ended September 30, 2025, to provide greater clarity to investors. The revised presentation includes updates on specific slides and is available on the company’s website, reflecting UltraTech’s commitment to transparency and effective communication with stakeholders.

UltraTech Cement Publishes Financial Results for September 2025

UltraTech Cement Limited has announced the publication of its financial results for the quarter and half-year ending September 30, 2025, in several prominent newspapers. This announcement is part of their compliance with regulatory requirements and aims to keep stakeholders informed about the company’s financial performance.